According to Becker [1964], when labour markets are perfectly competitive, general training is paid by the worker, who … reaps all the benefits from the investment. Therefore, ceteris paribus, the greater the training wage premium, the greater … the investment in general training. Using data from the European Community Household Panel, we compute a proxy of the …

firms. In renegotiation proof employment con- tracts, more productive firms provide more training. Both general and specific … training induce higher wages within jobs, and with future employers, even conditional on the future employer type. Because … at the opposite conclusion: That increased labor market friction reduces training in equilibrium …

This paper considers training, mobility decisions and wages together to test for the specificity of human capital … contained in continuing training courses. We empirically analyse the relationship between training, mobility and wages in two … ways. First, we examine the correlation between training and mobility. In a second step, we consider wage effects of …

temporarily without a job mission and training for workers with or without a job mission) allow for a flexicurity model. The … is mitigated when it is associated with training activities. In general, flexibility produces negative effects, albeit … decreasing with training activity, on productivity. …

. We then separately analyze active and passive labor market policies, consisting in training programs and income support … schemes. We show that it is optimal for the government to include among the eligibility criteria for subsidized training a …

The paper examines the optimal level of training investment when trained workers are mobile, wage contracts are time …-consistent, and training comprises both specific and general skills. It is shown that, in the absence of a social planner, the firm …-post monopsonistic power in wage determination. Local union-firm wage bargaining ensures that the post-training wage is set sufficiently …

turnover and endogenous general human capital formation. We show that search frictions do not distort training decisions if … efficient coordination devices there is too much turnover and too little investments in general training. Nonetheless, the … number of training firms and the amount of training provided are constrained optimal, and training subsidies therefore reduce …